The Southpoint Qualified Fund and Southpoint Qualified Offshore Fund collectively declined 16.1% net for the second quarter, in line with the S&P 500's 16.1% loss and a bit better than the Russell 2000's 17.2% loss. The Southpoint funds averaged 119% long and 66% short during the second quarter.
Breaking Down Southpoint’s Q2 Returns
Their long positions subtracted 29.4% gross from their quarterly return, while the funds' shorts added 12.9% to their returns. Southpoint's average long fell 23.1%, while its average short tumbled 18.9% during the second quarter.
Q2 2022 hedge fund letters, conferences and more
Year to date, Southpoint Capital is down 18.2%, while the S&P 500 is off by 20%, and...
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